Rave Restaurant Group Inc

What Rave Restaurant Group Inc does

Rave Restaurant Group, Inc. (NASDAQ: RAVE) is a Dallas-area, Texas-based public multi-brand restaurant portfolio company that owns, franchises, and supplies two pizza concepts: Pie Five Pizza, positioned as a leading fast-casual pizza brand offering individual handcrafted pizzas made to order in under five minutes, and Pizza Inn, a legacy dine-in pizza chain founded in 1958 operating more than 200 restaurants domestically and internationally. The company was formerly known as Pizza Inn Holdings, Inc. and rebranded to reflect its transformation from a single-brand franchisor into a multi-brand portfolio group. Its core products are franchise rights, brand marketing, and centralized food and supply distribution for franchisees of both concepts, with menus spanning individual artisan pizzas through full dine-in menus of pizzas, salads, pastas, wings, sandwiches, and desserts.

Rave generates revenue through two primary streams: (i) franchise royalties and fees from initial franchise sales and ongoing royalties across the Pie Five and Pizza Inn systems, and (ii) supply chain revenue from selling food ingredients and supplies to franchise restaurants. The go-to-market model is exclusively franchise- and license-based; the company does not disclose material company-operated unit revenue. Franchise leadership partnerships and centralized infrastructure are positioned as franchisee support differentiators. The company maintains dual-brand consumer websites, an investor relations site, and is actively rationalizing third-party delivery (exited Uber Eats in 2026 and is negotiating an exclusive DoorDash arrangement). Internationally, a January 2024 master franchise agreement with Blessings Basket Company targets 50 new Pizza Inn restaurants in Saudi Arabia, leveraging Saudi Vision 2030 food service growth.

In Q3 fiscal 2026, Rave reported $3.2M in total revenue (up 8.7% YoY), $0.8M in net income (up 10.8% YoY), and $1.1M in adjusted EBITDA (up 16.4% YoY), ending the quarter with $12.0M in cash and short-term investments. Same-store sales at Pizza Inn were 2.3% in Q3 FY26, decelerating from 8.1% in Q1 FY26. The company employs 501-1,000 people and is led by CEO Brandon Solano. No proprietary technology platforms, AI/ML capabilities, patents, or third-party integrations were disclosed in the available source material.

Name

Rave Restaurant Group Inc

Legal name

Rave Restaurant Group, Inc.

Website

https://raverg.com

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Rave Restaurant Group is a Dallas-based public franchisor that owns, franchises, and supplies the Pie Five fast-casual pizza and Pizza Inn dine-in pizza brands, generating revenue from royalties and supply chain sales to its 200+ restaurant network domestically and internationally.

Ownership category

akta.pro rank

Product category

Restaurant Franchising

NAICS

Limited-Service Restaurants (722513), Restaurants and Other Eating Places (7225)

SIC

Retail-Eating Places (5812), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Pizza Fast Casual (THAFABAB)

akta.pro secondary industry

Family-Style Restaurants (THAFACAC)

Keywords

• Pizza restaurant franchising
• Fast-casual pizza
• Multi-brand restaurant portfolio
• Restaurant supply chain
• Dine-in pizza chain

Headquarters

HQ city

The Colony

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Franchise Royalties and Fees: Revenue from franchise operations including initial franchise fees and ongoing royalty payments from Pie Five and Pizza Inn franchisees.
2. Supply Chain Revenue: Supply revenue from providing food ingredients and supplies to franchise restaurants.

Distribution channels2 records

Marketing channels2 records

Core offering

Rave Restaurant Group owns, franchises, and supplies Pie Five Pizza and Pizza Inn restaurants operating domestically and internationally. Pie Five is a fast-casual pizza brand offering individual handcrafted pizzas made to order in under five minutes, while Pizza Inn is a dine-in pizza chain featuring traditional and specialty pizzas, salads, pastas, wings, sandwiches, and desserts across more than 200 restaurants.

Product overview

RAVE Restaurant Group is a multi-brand restaurant portfolio company that owns, franchises, and supplies two distinct pizza brands: Pie Five Pizza and Pizza Inn. Pie Five is positioned as a fast-casual concept offering quick individual handcrafted pizzas, while Pizza Inn serves as a traditional dine-in and delivery chain with a broader menu including pizzas, salads, pastas, wings, sandwiches, and desserts. Both brands operate domestically and internationally through a combination of company-owned and franchise locations.

Differentiator

Problem solved

Functional benefit

Brands

• Pie Five Pizza: The nation's leading fast casual pizza brand offering individual handcrafted pizzas with fresh ingredients made to order in less than five minutes.
• Pizza Inn

Products and services

• Pie Five Pizza The nation's leading fast casual pizza brand offering individual handcrafted pizzas with fresh ingredients made to order in less than five minutes; available through franchised Pie Five restaurants domestically and internationally.
• Pizza Inn One of the nation's first dine-in pizza chains featuring freshly made traditional and specialty pizzas, along with salads, pastas, wings, sandwiches and desserts; the flagship brand operates more than 200 restaurants domestically and internationally.

Quantifiable outcome

• 8.7% revenue increase in Q3 fiscal 2026
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• DoorDashminorChannel Partner/ Reseller/ Distributor · 1 January 2026Rave Restaurant Group is in negotiations with DoorDash for an exclusive contract after ending its third-party delivery relationship with Uber Eats following a 3% commission fee increase. The move aims to recoup lost sales from the third-party delivery channel while protecting franchisee profitability.
• Blessings Basket CompanycoreStrategic or Co-development Partner · 1 January 2024Blessings Basket Company signed an agreement with Rave Restaurant Group (via its Pizza Inn subsidiary) in January 2024 to open 50 new Pizza Inn restaurants across Saudi Arabia. This partnership is part of the company's international expansion strategy leveraging the Saudi government's Vision 2030 initiatives and growing food service market projected to reach $62.63 billion by 2032.

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• &pizza: Fast-casual pizza concept with made-to-order individual pizzas. Competes with Pie Five in the fast-casual segment, though smaller and less established in franchise scale.

Broad incumbents

• Pizza Hut: Iconic dine-in and delivery pizza chain under Yum! Brands with global franchise operations. Comparable franchise/restaurant model and direct overlap with Pizza Inn in the dine-in pizza segment.
• Domino's Pizza: Largest pizza chain globally with a heavily franchised model and dominant delivery/technology infrastructure. Directly comparable franchise economics, royalty streams, and pizza category leadership that RAVE's Pie Five and Pizza Inn compete against.
• Little Caesars: Value-oriented pizza chain with massive franchised footprint and convenience-focused positioning. Competes across price-sensitive pizza occasions that overlap with both Pie Five and Pizza Inn.
• Papa John's: Publicly traded pizza franchisor with comparable business model (franchise royalties and supply chain revenue) and overlapping customer base. Direct competitor in both dine-in and delivery pizza categories.

Direct peers

• MOD Pizza: Fast-casual pizza chain offering made-to-order individual pizzas with fresh ingredients — the same positioning as Pie Five. Closest direct competitor in the fast-casual pizza subsegment RAVE's Pie Five brand leads.
• Blaze Pizza: Fast-casual pizza franchise known for customizable artisan pizzas assembled in front of customers. Directly competes with Pie Five in the fast-casual pizza category with similar speed and customization value propositions.
• Jet's Pizza: Regional pizza franchise with deep Detroit-style pizza roots and a dine-in plus delivery model. Comparable franchise structure and mid-tier brand positioning relative to Pizza Inn.
• Papa Murphy's: Franchised take-and-bake pizza chain with similar franchise-driven revenue model. Comparable mid-scale franchisor competing for the same pizza consumer occasions.
• Marco's Pizza: Growing franchised pizza chain with dine-in, carryout, and delivery. Comparable franchise model and pizza-focused menu overlap with Pizza Inn, particularly in regional domestic markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rave-restaurant-group-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rave Restaurant Group Inc